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THETAUSDT ready for the breakout?The price is in the accumulation phase between two daily structures, 1$ and 1.4$. On the 4h timeframe, the price is creating a pennant and had the market had a false breakout from the channel on 1.5$, it got the liquidity in order to retest the support. How to approach it? The price needs to create a new breakout from the daily resistance and 4h resistance. it needs to retest the 4h resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
4
TOMOUSDT is inside a pennant 👀The price is creating a pennant above the Weekly support of 0.51$, in that area, the market created a demand zone (0.48$) so the price could grab new liquidity from it. How to approach? IF the price is going to lose the 4h support on 0.54$, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
TShort
by InkyGrip
8
UNIUSDT is going to retest the daily support?The price is creating a pennant on the key level after a clear rejection from the 8.8$ area. and retested the 0.618 Fibonacci level as new resistance How to approach? IF the price is going to have a breakout from the pennant and retest the key level as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
10
AXSUSDT is creating a pennantThe price is creating a pennant on the 4h timeframe. The market is creating higher low higher high, it means that the we are in consolidation phase. Usually Pennant is a continuation pattern. How to approach it? We are monitoring the 19.5 support where the price created a equal lows. so if the price is going to have a breakout and retest this support as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
4
ETH Short to 1800Going into the new week, the weekly MACD is breaking down again and RSI looks like it needs to go lower still into oversold. We've been in a nasty bear market for a few months now even if people don't admit (long-term still bullish but testing supports) Here are volume profiles showing demand zones at 2600 which we are now falling from and the next zone is down at our yearly lows which I think we are about to test. I have drawn two triangles starting after the correction in 2021. The yellow one is symmetrical and is breaking out of the bottom now. The orange could still be a bull pennant coincided its bottom with the demand zone. I expect a really nice rebound from here until later May when people starting shorting for the next fed rate. Hopefully we will set another solid double bottom here like last summer and get dovish news from the fed. We could see a break out in this case. Keep an eye out for a major capitulation in the volume of ETH and BTC. This + dovish FED = Very Bullish. If this doesn't play out then we could see a return to the 200 weekly ma. Excellent opportunity to make some money here but I would not YOLO just yet. Theres also a huge head and shoulder pattern in there (not drawn) confirm sentiment Not financial advice. DYOR!
INDEX:ETHUSDShort
by AgentJRock87075
GALAUSDT is going to retest the dynamic supportThe market got a rejection exactly from the weekly resistance of 0.29$ and the price is going to create a pennant on the daily timeframe. On the 4h timeframe, the price is going to retest the 0.25$ resistance on the M's neckline. As you can see on the 4h timeframe (the lower one) the price created a double top of 0.29$. How to approach? We could see a pullback on the previous support now resistance and a new bearish impulse until the dynamic support on 0.24$ –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
2
The Bullish Pennant! What are you Guys/ Girls Thinking of this?If confirmation happens, it looks like something big is about to happen right? By the book, it's called a Bullish Pennant! What is a bullish pennant? A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates between converging support and resistance lines.
BLACKBULL:WTILong
by TraderMentorX
BGP/USD - Daytrate SHORT !!Welcome day traders and scalpers and the community! Looks like we are drawing a double top on the h15 chart. If you see things differently, write it in the comments. Feel free to request any pair/instrument analysis or ask any questions in the comment section ⛔ STOP and 🤑 Take Profit see in the chart I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. If you have any questions, let me know ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas, Trade save !! Have a Good Day Trading!
Short
by TR7z
1
🌳very important terminologies in Trading🌳Hello every one 🟡(1) Price action The Movement of an asset or Security's price over Time , Plotted on The chart 🟡(2) All-Time High (ATH) The Highest asset has Ever been in Price 🟢(3) Support a Point in the market where the Price is less likely to drop below due to previous demand or price action 🟡(3) Resistance a Point in the market where the Price is less likely to break above due to previous demand or price action 🔵(4) Trend line a line indicating the General Price Direction of a chart 🟡(5) break out when the Price of the asset break through a pre-determined Trendline ⚪(6) Formation when a Financial Chart moves in such a way as to create a Recognizable pattern.patterns to signal trading opportunities either to enter or exit positions. 🟢(7) pump or bullish The price of an asset is going up 🟡(7) Dump or bearish The price of an asset is going Down 🔵(8) Long Position a Regular Buy in The Market. a Trade that is Predicting the asset will go up in value 🟡(8) short Position The opposite of a long Position. Entering a Trade position betting the asset to go down in value.
Education
by CobraVanguard
21
ENJBTC is testing the daily resistanceENJBTC is testing the daily resistance inside a pennant. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
3
AAPL - Sign and ConfirmationThe long upper wick of the candle is a sign of price rejection. The first bearish pin bar on November 22, followed by another higher high long upper wick candle on December 1, is a sign that the trend is about to bend. Confirming the two sign is followed by another higher high with Bearish Engulfing Candle, this candle pattern could be the confirmation that the upward trend is done. And also, if you draw a line, you can see that there is a Bearish Broadening Wedge forming.
NASDAQ:AAPLShort
by Damako
SNAP Broadening Formation BreakoutHere we see a right angle broadening formation, with the accumulation line on the bottom. What appears to be an island reversal pattern appeared in the daily chart, marked by the yellow rectangle, which is typical of congestion patterns like this. Broadening formations are typical of late stage bull markets and are accompanied by irregular volume throughout. A majority of broadening formations carry bearish implications, and a breakout occured today in SNAP, although not by the generally "safe" 3% margin. I would expect a throwback, but the pattern implies a -65% move to the downside to 17.5, although not necessarily soon.
NYSE:SNAPShort
by BarnardR
2